tag:blogger.com,1999:blog-1790107902685132688.post946768249770984819..comments2023-03-08T08:31:01.478-05:00Comments on Thoughts on the Washington, DC, and Northern Virginia Real Estate Market: "I want to buy a foreclosure."Katie Wethmanhttp://www.blogger.com/profile/16842781856924622714noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1790107902685132688.post-82807717814948356412008-09-09T09:33:00.000-04:002008-09-09T09:33:00.000-04:00Tanyaa,Keep in mind though that the foreclosure ra...Tanyaa,<BR/><BR/>Keep in mind though that the foreclosure rate in the DC area is much lower than many parts of the country, and in the DC area there is a wide difference in foreclosure rates between close in area and exurbs. I believe we'll see more to come in Loudoun, Stafford, Pr William and similar areas, but there is no foreclosure crises in most of DC, Arlington or Alexandria.Katie Wethmanhttps://www.blogger.com/profile/16842781856924622714noreply@blogger.comtag:blogger.com,1999:blog-1790107902685132688.post-10532047881865889872008-09-09T00:05:00.000-04:002008-09-09T00:05:00.000-04:00In recent years people have used lots of "interest...In recent years people have used lots of "interest only" mortgages and ARM (Adjustable Rate Mortgages) to get into houses they couldn't afford otherwise. The current foreclosure rate nationwide is .43% which is higher than last year and expected to rise again this year as the ARM's become due.<BR/>---------------<BR/>Tanyaa<BR/><A HREF="http://foreclosures.gov-auctions.org" REL="nofollow">tanyaahttps://www.blogger.com/profile/13261144506930585292noreply@blogger.comtag:blogger.com,1999:blog-1790107902685132688.post-76322002948797951202008-06-16T13:13:00.000-04:002008-06-16T13:13:00.000-04:00Don't confuse the trustee sale/auction with an REO...Don't confuse the trustee sale/auction with an REO auction. Lately I've seen a few all day auctions where banks literally auction off dozens or even hundreds of properties. These are REO (bank owned properties) that were placed in the MLS (stage 3 above) and then didn't sell, so were removed from the market for this type of event.Katie Wethmanhttps://www.blogger.com/profile/16842781856924622714noreply@blogger.com